Bitcoin ETFs Attract $526 Million as Ethereum Sees Outflows

Bitcoin exchange-traded funds in the United States attracted 526.7 million dollars on October 19. The move reversed withdrawals recorded the previous week and marked the highest inflow volume in nearly two weeks.

BlackRock's iShares Bitcoin Trust was the primary driver of this recovery. The product brought in 665.2 million dollars which was its best daily performance since early October. This amount offset outflows observed in funds from Fidelity and Grayscale.

While Bitcoin attracted capital, Ethereum products faced the opposite scenario with losses of 103 million dollars. This divergence widened the flow gap between the two largest crypto asset markets on exchanges.

The Bitcoin market now holds 57.4 billion dollars in net investments. Total assets under management reached 105.46 billion dollars which represents about 6.4% of the digital currency's market capitalization.

Despite the recovery, the sector remains marked by volatility in daily flows. The alternation between inflows and outflows over the last six sessions reflects investor uncertainty regarding United States monetary policies.